Taxes
2 April 2019

2019 amendment to VAT Act: summary of major changes, vol. 2

Over the last year, in our Tax and Legal Update, we have discussed the changes to VAT that are part of the 2019 tax package many times. The final version of the amendment is on the table now, giving us the chance to summarise the major changes and…

Taxes
2 April 2019

Changes to income tax after 2019 amendment

The long-awaited tax package entered into effect on 1 April. Legal entities will primarily have to cope with changes to withholding tax, borrowing costs and cross-border transactions; individuals, on the other hand, will mostly be affected by…

Taxes
2 April 2019

Czech reporting of cross-border transactions

The Ministry of Finance has submitted a draft amendment to tax legislation for 2020 for comments. The amendment includes, among other things, the implementation of DAC 6 and the introduction of reporting duties relating to selected cross-border…

Taxes
5 March 2019

Amendment to VAT Act: Are meal vouchers liable to VAT?

The tax package returned by the Senate to the Chamber of Deputies, to be discussed again on 12 March 2019, contains, among other things, the implementation of the Vouchers Directive. This directive regulates the rules under which the VAT regime for…

Taxes
5 March 2019

TREND – a new programme to support industrial research

The National Research and Innovation Strategy for the Czech Republic’s Smart Specialisation (National RIS3 Strategy) is preparing an entirely new programme to support applied research and experimental development. The TREND programme builds upon the…

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